Venture Global, Inc.’s Quiet Period Will Expire on March 5th (NYSE:VG)

Venture Global’s (NYSE:VG) quiet period is set to end on Wednesday, March 5th. Venture Global had issued 70,000,000 shares in its IPO on January 24th. The total size of the offering was $1,750,000,000 based on an initial share price of $25.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

VG has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on shares of Venture Global in a report on Tuesday, February 18th. They set an “equal weight” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Venture Global in a report on Tuesday, February 18th. They set an “overweight” rating and a $25.00 price target on the stock. Scotiabank began coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a “sector perform” rating and a $17.00 price target on the stock. StockNews.com raised shares of Venture Global from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Sanford C. Bernstein began coverage on shares of Venture Global in a research note on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 price objective for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.91.

Venture Global Price Performance

Venture Global stock traded up $0.27 on Friday, reaching $14.19. 331,050 shares of the stock were exchanged, compared to its average volume of 7,611,341. Venture Global has a twelve month low of $13.73 and a twelve month high of $25.50.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.